Jamaica Gleaner Business

Published: Monday Wednesday | April 15, 2009

Port marina to get $1 billion injection - But investor laments bureaucratic delay
A Jamaican-born investor is about to sign, perhaps as early as today, a contract with Port Authority of Jamaica that will see him ploughing J$1 billion or more into the dormant boatyard at the Port Antonio marina in Portland to redevelop and operate the facility... Read More...

Super Plus shutters another two St andrew supermarkets
The Chens have shuttered two St Andrew stores in the family-owned grocery chain Super Plus and sent home 89 staff, who had their last days on the job last week Wednesday and Thursday. The closures happened in New Kingston and Liguanea, both in St Andrew... Read More...

Soft real-estate market puts NCB in breach - King Street branch sold for $128m - Has two more properties to offload
National Commercial Bank (NCB) is selling to the Government the building that used to house its shuttered King Street branch and has on the market two other bits of real estate - the sale of which will bring NCB back into compliance with regulations prohibiting... Read More...

Captain's Bakery expands to Mandeville
Captain's Bakery Limited has expanded to Mandeville, growing the chain to seven stores, one of which is located overseas in Grand Cayman, Cayman Islands. The new Captain's Bakery and Grill includes an eatery that seats 25 and operates out of a three-storey building ... Read More...

Cubans cheer shift in US foreign policy, but want more
For Olguita Sierra, the shift in United States policy allowing Cuban-Americans to make unlimited trips and money transfers to the island came a month too late. The 72-year-old's son, Sergio, lives in Miami and had not been eligible for a trip to Cuba... Read More...

77 dismissed at Stanford companies in Antigua
Receivers appointed by an Antiguan regulatory body said last Thursday that dozens of employees of Texas billionaire R. Allen Stanford's tropical empire have been dismissed to slash costs as it deals with the fallout of an alleged offshore investment fraud... Read More...

Trinidad to develop renewable energy industry
Trinidad and Tobago, the Caribbean's top exporter of oil and natural gas, plans to finance a renewable-energy industry that would help diversify its economy as falling oil prices slash public income, a top energy official said.... Read More...

US to seek 'new beginning' at Summit of the Americas
UNITED STATES President Barack Obama will seek stronger cooperation with Latin America at a summit marking a "new beginning" for hemispheric relations, an adviser said Thursday. Read More...

Bernanke sees 'tentative signs' of improvement
United States Federal Reserve Chairman Ben Bernanke said Tuesday there have been "tentative signs" that the recession may be easing. But he also warned that any hope for a lasting recovery hinges on the government's success... Read More...

Shippers face higher insurance as pirates run amok
Shipping companies already smarting from the global downturn are forced to pony up extra cash for steeper premiums to cover multimillion-dollar ransoms or take the long way around the African continent in the hope of dodging hijackers... Read More...

Is customer service right for you?
The global financial meltdown has made glaringly obvious the need for exceptional customer service to survive in business. Business guru Peter Drucker maintains that the purpose of a business is to create and keep a customer. Customers are the lifeblood of a business.... Read More...